DTBRX

About DTBRX

PGIM Total Return Bond Fund Class R is an actively managed mutual fund specializing in a diversified portfolio of fixed-income securities. Its primary function is to deliver total return through a balanced approach that combines current income from interest payments and the potential for capital appreciation. The fund predominantly invests at least 80% of its assets in bonds, including a mix of government, corporate, and securitized debt instruments, as well as derivatives and cash equivalents when appropriate. Characterized as an Intermediate Core-Plus Bond fund, it has the flexibility to invest across sectors and utilize various fixed-income strategies, allowing the managers to navigate interest rate changes, credit risk, and economic cycles. With an effective duration close to six years, it is positioned to balance yield and interest rate sensitivity while maintaining medium credit quality exposure. Launched in 2008, the fund is designed for investors—often within retirement plans—seeking diversification and risk mitigation through broad fixed-income exposure. Its market significance stems from its size and active management style, playing a key role for those pursuing consistent income and bond market participation within a single vehicle.